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STI slides on worries over Japan, Europe

Market closes off intraday low after bounce in Dow futures, European stocks


THE Straits Times Index, having inexplicably shot up 64 points on Friday before the Chinese New Year holidays, fell 41.11 points or 1.57 per cent to 2,582.10 on Wednesday, the first day of trading after the holidays.

A rebound in the Dow futures late in the afternoon and Europe opening in...